Here again, the S&P has sustained a break atop the November peak -- the 1,227 mark -- an area matching its 20-day moving average.

As always, the 20-day moving average is a widely-tracked near-term trending indicator, and the S&P’s near-term trend points higher barring a violation of this area.

Summing up the technicals

All told, the S&P 500 remains within a near-term uptrend barring a violation of support at 1,227.

And setting aside near-term issues, the U.S. markets’ longer-term trends are firmly intact.

With this month’s breakout, each benchmark has edged from market-crash territory, and its path of least resistance technically points higher until proven otherwise.

Tuesday’s Watch List

The charts below detail names that are technically well positioned. These are radar screen names -- sectors or stocks poised to move in the near term. For the original comments on the stocks below, see The Technical Indicator Library.

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